Foreign Currency Guarantee definition

Foreign Currency Guarantee means a guarantee given under that section or section 8 of the M4Industry Act 1972 by the Secretary of State under which his liability is measured in a foreign currency, whether or not it is to be discharged in a foreign currency, and for this purpose—
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Foreign Currency Guarantee means a Guarantee issued pursuant to an MGA Foreign Currency Supplement.
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Foreign Currency Guarantee means a Comprehensive Guarantee (unless the relevant Ex-Im Bank Approval shall indicate that it is a Political Risk Guarantee), and shall otherwise have the meaning set forth in Section 4.01.
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Examples of Foreign Currency Guarantee in a sentence

  • Ex-Im Bank's Claim Payments under any Foreign Currency Guarantee shall be made as set forth in Section 8 of this Agreement.

  • The Ex-Im Bank Guarantee coverage will be a Comprehensive Foreign Currency Guarantee (coverage of commercial risk and political risk) - Buyer Credit.

  • This Agreement, along with the Master Guarantee Agreement and the Ex-Im Bank Foreign Currency Approval with respect to each Transaction contain the entire agreement between the parties hereto regarding the Foreign Currency Guarantee of the relevant Credit with respect to such Transaction.

  • Finally, the benefits of hedging must be balanced with its costs in terms of transaction costs and risk premiums.

  • Ex-Im Banks Claim Payments to the Lender under the Foreign Currency Guarantee shall be made only in the Foreign Currency.

  • This Agreement, along with the Master Guarantee Agreement and the Ex-Im Bank Approval with respect to each Transaction contain the entire agreement between the parties hereto regarding the Foreign Currency Guarantee of the relevant Credit with respect to such Transaction.

  • Such a Foreign Currency Guarantee prohibits Lessor from making a Claim (and prohibits Ex-Im Bank from making a Claim Payment) for the relevant Credit in any currency other than the Foreign Currency, unless both parties shall agree to such a payment in writing.

  • Each of the provisions set forth in Sections 4.03 to 4.07 of the Master Guarantee Agreement, with respect to the binding nature of Ex-Im Banks Guarantee, certain rights to terminate any such Guarantee and Ex-Im Banks payments under a Guarantee, shall apply to any Foreign Currency Guarantee under this Agreement as if set forth in full here.

  • Ex-Im Bank’s Claim Payments to the Lessor under the Foreign Currency Guarantee shall be made only in the Foreign Currency.

  • A Foreign Currency Guarantee of the relevant Credit with respect to each Transaction shall be evidenced by Ex-Im Bank's issuance, pursuant to Section 2.01(b) of the Master Guarantee Agreement, of an Ex-Im Bank Foreign Currency Approval in the form of Annex B to this Agreement.


More Definitions of Foreign Currency Guarantee

Foreign Currency Guarantee means a guarantee given under that section or section 8 of the M4Industry Act 1972 by the Secretary of State under which his
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Related to Foreign Currency Guarantee

  • Foreign Currency means any currency other than the currency of Kenya;

  • Foreign Currency Hedge means any foreign exchange transaction, including spot and forward foreign currency purchases and sales, listed or over-the-counter options on foreign currencies, non-deliverable forwards and options, foreign currency swap agreements, currency exchange rate price hedging arrangements, and any other similar transaction providing for the purchase of one currency in exchange for the sale of another currency.

  • Foreign Currency Letter of Credit means a Letter of Credit denominated in a Foreign Currency.

  • Foreign Currency LC Exposure means, at any time, the sum of (a) the Dollar Amount of the aggregate undrawn and unexpired amount of all outstanding Foreign Currency Letters of Credit at such time plus (b) the aggregate principal Dollar Amount of all LC Disbursements in respect of Foreign Currency Letters of Credit that have not yet been reimbursed at such time.

  • Foreign Currency Loan means any Loan denominated in a Foreign Currency.

  • Foreign Currencies means Agreed Currencies other than Dollars.

  • Currency Hedge Obligations means, at any time as to any Person, the obligations of such Person at such time that were incurred in the ordinary course of business pursuant to any foreign currency exchange agreement, option or futures contract or other similar agreement or arrangement designed to protect against or manage such Person’s or any of its Subsidiaries’ exposure to fluctuations in foreign currency exchange rates.

  • Overnight Foreign Currency Rate means, for any amount payable in a Foreign Currency, the rate of interest per annum as determined by the Administrative Agent at which overnight or weekend deposits in the relevant currency (or if such amount due remains unpaid for more than three (3) Business Days, then for such other period of time as the Administrative Agent may elect) for delivery in immediately available and freely transferable funds would be offered by the Administrative Agent to major banks in the interbank market upon request of such major banks for the relevant currency as determined above and in an amount comparable to the unpaid principal amount of the related Credit Event, plus any taxes, levies, imposts, duties, deductions, charges or withholdings imposed upon, or charged to, the Administrative Agent by any relevant correspondent bank in respect of such amount in such relevant currency.

  • Issue Currency or "SEK" means Swedish Krona. "Launch Date" means 12 January 2022.

  • Quote Currency means the second currency in the Currency Pair which can be bought or sold by the Client for the Base Currency.

  • Dollar Equivalent of the Foreign Currency has the meaning specified in Section 312(f).

  • Currency Obligation means any obligation of a Party to deliver a Currency pursuant to an FX Transaction, the application of Section 6.3(a) or (b), or an exercised Option (except, for the purposes of Section 8.1 only, one that is to be settled at its In-the-Money Amount under Section 5.5).

  • Eligible Currency means any currency other than Dollars (i) that is readily available, (ii) that is freely traded, (iii) in which deposits are customarily offered to banks in the London interbank market, (iv) that is convertible into Dollars in the international interbank market and (v) as to which a Dollar Equivalent Amount may be readily calculated. If, after the designation by the Revolving Credit Lenders of any currency as an Agreed Currency, (x) currency control or other exchange regulations are imposed in the country in which such currency is issued with the result that different types of such currency are introduced, (y) such currency is, in the reasonable determination of the Administrative Agent, no longer readily available or freely traded or (z) in the reasonable determination of the Administrative Agent, a Dollar Equivalent Amount of such currency is not readily calculable, the Administrative Agent shall promptly notify the Lenders and the Company, and such currency shall no longer be an Agreed Currency until such time as all of the Revolving Credit Lenders agree to reinstate such currency as an Agreed Currency and promptly, but in any event within five Business Days of receipt of such notice from the Administrative Agent, the Borrower shall repay all Loans in such affected currency or convert such Loans into Loans in Dollars or another Agreed Currency, subject to the other terms set forth in Article II.

  • Foreign Currency Sublimit means $100,000,000.

  • Alternate Currency Letter of Credit means any Letter of Credit denominated in an Alternate Currency.

  • Designated Foreign Currency means Euros, Canadian Dollars, British pounds, Australian dollars or any other currency (other than Dollars) approved in writing by the Lenders and that is freely traded and exchangeable into Dollars.

  • Alternate Currency means (i) with respect to any Letter of Credit, Canadian Dollars, Euros, Pound Sterling, New Zealand Dollars and Australian Dollars and any other currency other than Dollars as may be acceptable to the Administrative Agent and the Issuing Bank with respect thereto in their sole discretion and (ii) with respect to any Loan, any currency other than Dollars that is approved in accordance with Section 1.05.

  • LIBOR Currency means the currency specified on the face hereof as to which LIBOR shall be calculated or, if no currency is specified on the face hereof, United States dollars. “LIBOR Page”

  • Alternative Currency Letter of Credit means a Letter of Credit denominated in an Alternative Currency.

  • Dollar Equivalent of the Currency Unit shall be determined by the Exchange Rate Agent and subject to the provisions of paragraph (h) below shall be the sum of each amount obtained by converting the Specified Amount of each Component Currency into Dollars at the Market Exchange Rate for such Component Currency on the Valuation Date with respect to each payment.

  • Reference Currency means the currency specified as such in the applicable Final Terms.

  • Offshore Currency means any lawful currency (other than dollars) that the relevant Issuing Bank with respect to any Offshore Currency Letter of Credit, in its sole reasonable opinion, at any time determines to be (a) freely traded in the offshore interbank foreign exchange markets, (b) freely transferable and (c) freely convertible into dollars.

  • Fixed Rate Obligation Any Collateral Obligation that bears a fixed rate of interest.

  • Balance Currency means the currency that the trading account is denominated in and all charges including spreads, commissions and swaps, are calculated in that currency.

  • Base Currency means the first currency in the Currency Pair against which the Client buys or sells the Quote Currency.

  • European Government Obligations means any security that is (1) a direct obligation of Ireland, Belgium, the Netherlands, France, The Federal Republic of Germany or any other country that is a member of the European Monetary Union on the Issue Date, for the payment of which the full faith and credit of such country is pledged or (2) an obligation of a person controlled or supervised by and acting as an agency or instrumentality of any such country the payment of which is unconditionally guaranteed as a full faith and credit obligation by such country, which, in either case under the preceding clause (1) or (2), is not callable or redeemable at the option of the issuer thereof.